8,011 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 8,011 shares of Pathward Financial, valued at approximately $584,000, during the first quarter, according to their SEC filing.
• Pathward Financial reported strong earnings, with $1.81 earnings per share, exceeding estimates and a 10.8% year-over-year revenue growth of $195.80 million.
• The company declared a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.3%, with a low payout ratio of 2.65%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,011 shares of the savings and loans company's stock, valued at approximately $584,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its position in shares of Pathward Financial by 1.9% in the first quarter. Diversified Trust Co now owns 9,097 shares of the savings and loans company's stock valued at $664,000 after purchasing an additional 166 shares during the period. Cetera Investment Advisers lifted its stake in shares of Pathward Financial by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 6,107 shares of the savings and loans company's stock worth $449,000 after buying an additional 171 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Pathward Financial by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 13,271 shares of the savings and loans company's stock worth $968,000 after buying an additional 181 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Pathward Financial in the first quarter worth about $35,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Pathward Financial by 726.8% in the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock worth $43,000 after buying an additional 516 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CASH. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Piper Sandler lifted their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd.

Pathward Financial Trading Down 0.8%

Shares of Pathward Financial stock traded down $0.59 on Wednesday, reaching $74.00. The company had a trading volume of 42,521 shares, compared to its average volume of 200,420. The firm's 50 day moving average price is $78.56 and its two-hundred day moving average price is $77.14. The firm has a market cap of $1.76 billion, a PE ratio of 9.79 and a beta of 0.62. Pathward Financial, Inc. has a 52-week low of $60.49 and a 52-week high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.78.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.24. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $184.80 million. Pathward Financial had a net margin of 22.23% and a return on equity of 22.16%. The business's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. Sell-side analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, June 13th. Pathward Financial's payout ratio is 2.65%.

About Pathward Financial

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.